Midtown East



270 Park Avenue’s Demolition Passes Halfway Mark in Midtown East

Demolition is progressing rapidly at 270 Park Avenue, the site of JP Morgan Chase‘s new 1,425-foot-tall headquarters in Midtown East and number three on our end-of-year countdown. The firm is demolishing its former 707-foot-tall, 52-story tower to make way for the massive supertall, which will yield 2.5 million square feet of office space. The full-block parcel is located between Park and Madison Avenues and East 47th and 48th Streets.

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Excavation Begins at 141 East 47th Street in Midtown East

Excavation is underway at 141 East 47th Street, the site of a 35-story residential tower in Midtown East. The 183,310-square-foot project is designed by Ismael Leyva Architects and developed by Silverback Development. The latter was brought on by Hopson Development Holdings, which purchased the parcel for $115 million in December 2019 from the original developers, New Empire Real Estate. Located between Park Avenue and Lexington Avenue, the development is set to yield 200 units and cost $250 million.

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12 East 48th Street’s Curtain Wall Assembly Wraps Up Installation in Midtown East

The final exterior touches are underway on 12 East 48th Street, a 367-foot-tall hotel tower in Midtown East. Designed by Handel Architects and developed by Hidrock Realty, the property is set to house a 161-room, 125,000-square-foot Hilton Grand Vacation Hotel. DeSimone Consulting Engineers is the structural engineer, The Rinaldi Group is the general contractor, and IBA Consulting & Engineering, PLLC is the envelope consultant for the building, which is located between Madison Avenue and Fifth Avenue.

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